Yesterday Donald Trump imposed a 50% tariff on Indian imports to America, among the highest in the world. How will Narendra Modi respond? Why Palantir could be the most overvalued firm of all time. And film, vinyl and print media make a comeback.
Satsie from PayJoin Foundation explains why Bitcoin isn't anonymous, covers essential privacy tools like address management, VPNs, and running nodes, plus discusses PayJoin batching and silent payments for better on-chain privacy.
Satsie, board member of PayJoin Foundation joins us to talk about Bitcoin privacy fundamentals. We cover why Bitcoin isn't anonymous, essential privacy practices like avoiding address reuse and hardware wallet shipping risks, the importance of running your own node, and advanced tools like PayJoin transaction batching and silent payments for enhanced on-chain privacy.
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**Notes:**
• Bitcoin requires KYC through exchanges
• Address reuse is "really, really bad"
• Hardware wallets shipped to homes create risk
• PayJoin needs 5% network adoption minimum
• Node sync takes "couple days" currently
• Silent payments require blockchain scanning
Timestamps:
00:00 Start
01:24 Who is Satsie?
04:24 How private is Bitcoin?
06:06 Privacy is hard
07:58 Basic BTC privacy techniques
10:50 VPNs
11:57 Running a node
15:13 You are using somebody's node
17:28 What is Payjoin?
19:59 When would we use Payjoin?
21:10 Payjoin adoption
22:45 Multi-party Payjoin
23:54 Silent Payments
27:16 Current US privacy regulations
29:00 Soft forks
31:06 Resources
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In the 1980s, an Englishman by the name of Maurice Ward developed a material which he claimed could withstand temperatures of thousands of degrees Celsius. Not only could the material withstand high temperatures, but it could also protect anything in proximity from high temperatures.
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Those stories and even more news to know in about 10 minutes!
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To listen to Book of the Day sponsor-free and support NPR's book coverage, sign up for Book of the Day+ at plus.npr.org/bookoftheday
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Want more business storytelling from us? Check our weekly deepdive show, The Best Idea Yet: The untold origin story of the products you're obsessed with. Listen for free to The Best Idea Yet: https://wondery.com/links/the-best-idea-yet/
About Us: The daily pop-biz news show making today’s top stories your business. Formerly known as Robinhood Snacks, The Best One Yet is hosted by Jack Crivici-Kramer & Nick Martell.
